• xmunk@sh.itjust.works
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    27 days ago

    “Passive income” if you describe yourself as having a passive income, I want nothing to do with you.

    Passive income is a myth - all income requires labor… if you’re getting income without putting in labor then you’re stealing someone else’s income.

    • smackjack@lemmy.world
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      27 days ago

      I get about 30 dollars a month in Interest in my savings account. Is that not passive?

    • Lenny@lemmy.world
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      27 days ago

      I make about $1k a month absolutely, completely passively from Amazon. I’ve put in maybe 30 minutes in three years. When I tell people this, they see that passive income is real.

      Then I tell them about the years before that, where I spent every second I had making shirt and book designs. I had made a single sale early on and I saw the potential, so I sunk every godforsaken hour I had to spare (I also worked full time) designing and uploading, researching, networking, and pushing. I gambled, grafted, and earned it.

      It’s absolutely worth the investment, but I only know that now. Back then it was an insane gamble - hundreds of hours of proper work for ???. I stop telling people about my ‘passive’ income now because no one wants to ruin the dream of freeeee money.

    • AwkwardLookMonkeyPuppet@lemmy.world
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      27 days ago

      You’re heart is in the right place, but your conclusion is wrong. It’s entirely possible to build a passive income without involving anyone else’s labor. Without even getting into things like investment income, which I’m assuming you’ll still attribute to someone else’s labor in the most abstract sense, there are still plenty of ways to do this. I personally lived off mostly passive income for several years when blogging was big. I created a bunch of blogs myself, did all of the development and design myself, managed the servers myself, and wrote all of the content myself. Then I put a few non-intrusive ads on the sites. When they started generating pretty good money, I mostly stopped working on them. They continued generating decent money until social media killed blogging. I still have one of them, and I receive around $60 per month from it despite the fact that I haven’t touched it in over a decade. So, how exactly was/am I stealing someone else’s labor?